UPDATE: Home Sales Continue To Improve

Prices Also Tick Up In Most Areas Of City, County

Posted: July 9, 2013

HARRISONBURG — Harrisonburg and Rockingham County’s residential real estate market held steady in June, with 92 homes sold last month, up from 84 in June of 2012, and 80 a year earlier, according to local broker Karl Waizecker.

Last month marked the best June for home sales since the housing crash five years ago, save for June 2010, when 117 homes were sold. That was an anomaly, though, as it marked the final month homebuyers could take advantage of federal tax credits worth as much as $8,000.

For the first six months of 2013, home sales are up over the same period last year in four of six sales regions in the combined city-county market, figures compiled by Waizecker. The two regions where fewer homes were sold in the first half of this year over the same timeframe last year are Massanutten and northwest Rockingham County, which have dropped 16.7 percent and 6.4 percent, respectively, according to Waizecker.
In other areas of the county, as well as in Harrisonburg, the news has been better.

In the city, for instance, 179 units were sold between January and June of this year, up 34 percent from last year.

And overall, sales are up 22 percent over last year in the Harrisonburg-Rockingham County market, with 471 homes sold in the first half of this year, Waizecker’s figures show.

Average sales prices have not risen nearly as much as sales themselves, though any increase is welcome news as the market locally and nationally continues to recover from the years-long slump.

The average sales price for homes sold in the first six months of the year is $196,073, up about 1 percent from last year.

The Daily News-Record will have more on this story in Wednesday’s print and online editions.

NDN Video News